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fiscal cliff, fiscal abyss. you've outlined a lot of ways what we need to do, but we've got january 1st. how many days? >> 40. >> 40 days and 40 nights. >> that includes all the holidays. >> 40 days. >> they've all been addressed, put their positions in, that's why you have to start with things that have already been talked about. >> let's take a very quick commercial break. when we come back, we will continue this conversation with former wells fargo chairman and ceo dick kovacevich. also mario gabelli, take a look at the "squawk box" market indicator. wow, not often you see that. markets indicated flat. you can see s&p futures are down by less than a point. ten-year note is also flat at this point. crude oil up by just about $1. and gold up by $3.90. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-
fiscal cliff, fiscal abyss. you've outlined a lot of ways what we need to do, but we've got january 1st. how many days? >> 40. >> 40 days and 40 nights. >> that includes all the holidays. >> 40 days. >> they've all been addressed, put their positions in, that's why you have to start with things that have already been talked about. >> let's take a very quick commercial break. when we come back, we will continue this conversation with former wells fargo...
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Nov 21, 2012
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go over the fiscal cliff. in fact, ultimately, because of what the fed has done, we're going to have to go over a much bigger cliff as part of the solution to solve the problems that the fed helped create by allowing the government to get so big. >> is that fair, craig? >> it certainly is fair that long-term, what we've done with monetary policy could be a challenge. it could be a very big challenge. i don't think saying that if we -- if the fed hadn't done what they'd done, you wouldn't have to go off the cliff. i think you still have to deal with the fact that government spending has been too fast over the past -- well, since the recession ended. our gdp has grown at a rate of around 900 billion, while debt has grown at 1.7 trillion on an annualized basis. so at the end of the day, you have to deal with that. we've been living beyond our means as a country for too long and at some point, you have to pay a price for that. >> where does that leave you with your view of bonds? i mean, a lot of people -- you tal
go over the fiscal cliff. in fact, ultimately, because of what the fed has done, we're going to have to go over a much bigger cliff as part of the solution to solve the problems that the fed helped create by allowing the government to get so big. >> is that fair, craig? >> it certainly is fair that long-term, what we've done with monetary policy could be a challenge. it could be a very big challenge. i don't think saying that if we -- if the fed hadn't done what they'd done, you...
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Nov 27, 2012
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we're talking about the fiscal cliff. one of the urgent matters this lame duck congress needs to address before the end of the year and even though the tax increases are going to take effect in 36 days, there's still only talk of a compromise, so can congress actually walk the walk or are we going to go off this cliff? it is a very real risk, everyone. up next, mike lee of utah. really appreciate you taking the time. you wrote an op-ed in the washington times and said quote, delaying significant fiscal restraint will send the wrong signal and may serve as taping point for our economy. so you're fear is that interest rates could surge. to be father, we've had this disastrous situation for years and interest rates have kept falling in spite of all worries that there would be a disaster. >> that's right. that's one of the things that distinguishes the fiscal cliff, which we're coming up against right now. from what i described yesterday in my editorial in the washington times, the fiscal avalanche. we can see when the fiscal
we're talking about the fiscal cliff. one of the urgent matters this lame duck congress needs to address before the end of the year and even though the tax increases are going to take effect in 36 days, there's still only talk of a compromise, so can congress actually walk the walk or are we going to go off this cliff? it is a very real risk, everyone. up next, mike lee of utah. really appreciate you taking the time. you wrote an op-ed in the washington times and said quote, delaying...
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Nov 27, 2012
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fiscal cliff a menacing term here. now we know we are just under 35 days away before we fall off that cliff. which could lead to deep spending cuts. want to bring in republican senator pat toomey from pennsylvania. he was a member of the deficit reduction super committee last year that failed to agree on a plan. but he's been talking about this issue for a long, long time. good morning, senator. >> good morning. >> we just learned that president obama will be traveling to your backyard on friday to talk about the fiscal cliff and spending, and traveling to pennsylvania right now. is this a welcome visit as far as you're earned? >> as far as i'm concerned the president of the united states is always welcome in my state of pennsylvania. we welcome the president and look forward to his message, and i have some questions i'd like to-ish i hope he addresses. >> what questions? >> first of all the president seems absolutely determined to inflict a tax increase on the american people. two years ago he signed a bill that exten
fiscal cliff a menacing term here. now we know we are just under 35 days away before we fall off that cliff. which could lead to deep spending cuts. want to bring in republican senator pat toomey from pennsylvania. he was a member of the deficit reduction super committee last year that failed to agree on a plan. but he's been talking about this issue for a long, long time. good morning, senator. >> good morning. >> we just learned that president obama will be traveling to your...
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Nov 25, 2012
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am i surprised we facing this fiscal cliff now? no, because we put it in. we created this cliff because we thought it will be so terrifying that congress would actually be shaken to reach a bipartisan agreement to reduce the debt. that's what our responsibility is and the time between now and the end of this year. >> i think congress is reflecting the nation. i think we are very divided. not in the goal, but how we get there, and i think america is too. i think that is reflected i think we now know that americans expect us to go forward, and we have no choice but to go forward. >> i think kay has made a very important point. one of the things that's troubled me about the analysis of congress is people act as if we're in a bubble and we just were self-generated. i mean, there are few people in this building that aren't here because they didn't get -- they should be doing self-criticism. it's exacerbated by one of the great inventions, creations of our humanity, which is the american constitution. at any given time america is governed by the results of three
am i surprised we facing this fiscal cliff now? no, because we put it in. we created this cliff because we thought it will be so terrifying that congress would actually be shaken to reach a bipartisan agreement to reduce the debt. that's what our responsibility is and the time between now and the end of this year. >> i think congress is reflecting the nation. i think we are very divided. not in the goal, but how we get there, and i think america is too. i think that is reflected i think...
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Nov 26, 2012
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and just 35 days left until we reach the fiscal cliff. a lame duck congress heads back to capitol hill beginning this afternoon. we're seeing a hint of compromise in the air. several key republican senators signaling that they are willing to consider breaking their no tax vows to get a budget plan passed. according to a new cnn/orc poll, that's exactly what you want to hear. 67% say a mix of tax hikes and spending cuts is the best way to avoid a fiscal cliff crisis. cnn political editor paul steinhauser, he is live in washington for us this morning. nice to see you, paul. so falling off the fiscal cliff means severe spending cuts and tax hikes, automatically kick in. so how worried are most americans? i understand you have some numbers for us. >> i do have more numbers from that new cnn/orc national poll. americans are concerned about how it will affect them directly. almost four in ten said if the country falls off the fiscal cliff they will be impacted a great deal. or somewhat. look at this. another four in ten say somewhat. only about
and just 35 days left until we reach the fiscal cliff. a lame duck congress heads back to capitol hill beginning this afternoon. we're seeing a hint of compromise in the air. several key republican senators signaling that they are willing to consider breaking their no tax vows to get a budget plan passed. according to a new cnn/orc poll, that's exactly what you want to hear. 67% say a mix of tax hikes and spending cuts is the best way to avoid a fiscal cliff crisis. cnn political editor paul...
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Nov 27, 2012
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you've been talking about the fiscal cliff. the high-level negotiations ramping up as both sides of the aisle trying to reach some kind of deal before your taxes go up january 1st. and they will go up if there's no deal. we're going to talk to the people at the center of the discussions right now. pennsylvania senator pat toomey. maryland congressman chris van hollen. they were on the super committee that failed to reach a deal a year ago. and utah senator mike lee. plus u.n. ambassador susan rice meeting with three of her sharpest critics today on capitol hill to explain her description of the benghazi attack. could this remove the opposition to her possible cabinet nomination? could that be pommes coming as early as this week? and i hear we have a special guest coming. n nascar's danica patrick is going from the racetrack to the virtual world of video games. danica patrick is going to be here. >> i'd like to race in her car. >> yeah, yeah. >> can you pull that off for me? >> i'll see what i can do. i'll put in a good word for
you've been talking about the fiscal cliff. the high-level negotiations ramping up as both sides of the aisle trying to reach some kind of deal before your taxes go up january 1st. and they will go up if there's no deal. we're going to talk to the people at the center of the discussions right now. pennsylvania senator pat toomey. maryland congressman chris van hollen. they were on the super committee that failed to reach a deal a year ago. and utah senator mike lee. plus u.n. ambassador susan...
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Nov 27, 2012
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that fiscal cliff. and the president is certainly in fact-finding mode it seems. we've got 35 days to go before the new year. and that new year will bring with it more than $500 billion in tax cuts and spending cuts. mr. obama is in meetings with small business owners from across the country today. he is not, however, meeting with leaders of congress today. our dan lothian is watching the comings and goings at the white house. and at some point, dan, congress is going to have to either come together on this and work with the president on this, and yet we're seeing all these various different meetings all around the communities and the country. it looks like there's a particular strategy that's playing out when it comes to the president right now. >> reporter: that's right. a lot of negotiations have taken place in the staff -- on the staff level. the president himself did speak with speaker john boehner on the phone over the weekend. there was that meeting with the lawmakers, the leadership just before the president went overseas on his southeast asia trip. but so
that fiscal cliff. and the president is certainly in fact-finding mode it seems. we've got 35 days to go before the new year. and that new year will bring with it more than $500 billion in tax cuts and spending cuts. mr. obama is in meetings with small business owners from across the country today. he is not, however, meeting with leaders of congress today. our dan lothian is watching the comings and goings at the white house. and at some point, dan, congress is going to have to either come...
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Nov 28, 2012
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facing the fiscal cliff, president obama courts the biggest ceos on wall street. yesterday he reached out the smallest business owners on main street. we'll talk to one of them coming up. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, c
facing the fiscal cliff, president obama courts the biggest ceos on wall street. yesterday he reached out the smallest business owners on main street. we'll talk to one of them coming up. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades...
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known as the fiscal cliff. the dow is down about 11 points. there's still a lot of worry about how these talks on coming up with a deal on the fiscal cliff, how the talks will go. carol? >> alison kosik live from the new york stock exchange. >>> representative-elect alan grayson has been standing with protesting walmart workers. when he delivered bagged meals on to see walmart on thanksgiving, walmart called the cops. we'll talk that and the ongoing protests next. and one wedding, 2 kids, 43 bottles of olay total effects many birthdays later, still looks amazing. thanks to the trusted performance of olay. do you really think brushing is enough to keep it clean? while brushing misses germs in 75% of your mouth, listerine® cleans virtually your entire mouth. so take your oral health to a whole new level. listerine®... power to your mouth™. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant ho ho ho sfx- "sounds of african drum and flute" look who's back. again? it's embarr
known as the fiscal cliff. the dow is down about 11 points. there's still a lot of worry about how these talks on coming up with a deal on the fiscal cliff, how the talks will go. carol? >> alison kosik live from the new york stock exchange. >>> representative-elect alan grayson has been standing with protesting walmart workers. when he delivered bagged meals on to see walmart on thanksgiving, walmart called the cops. we'll talk that and the ongoing protests next. and one...
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Nov 29, 2012
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jim was talking about a lot of specifics here, and we talk about the fiscal cliff. in some ways this is really a lot about symbolism and more for us, i think, than the two of them. can you describe what you think it means? >> sure. well, let me start by just saying across the street from where i'm at at rice, george herbert walker bush has been in the hospital, and we wish him a speedy recovery from his illness. it's an example of how you can form a friendship at these meetings. bill clinton had beat the sitting president, george herber walker bush, and they met similar to the way romney and obama are now, and now clinton and 41 are dear, close friends and have done many constructive things together around the world. i think, by and large, these meetings, the luncheon today, will be about optics. it's the photo ops. it's a chance to say america is united. there may be an opportunity here for mitt romney to come out and talk about the fiscal cliff or saying we must avoid falling off it towards something that could be helpful to the white house in the end. i remember
jim was talking about a lot of specifics here, and we talk about the fiscal cliff. in some ways this is really a lot about symbolism and more for us, i think, than the two of them. can you describe what you think it means? >> sure. well, let me start by just saying across the street from where i'm at at rice, george herbert walker bush has been in the hospital, and we wish him a speedy recovery from his illness. it's an example of how you can form a friendship at these meetings. bill...
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Nov 26, 2012
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the country is teetering on a fiscal cliff right now. and now a rare sighting of an endangered species here in washington. we're talking about compromise. some powerful republican lawmakers are rethinking their anti-tax pledge. i'll talk about wit the number three gop leader in the house of representatives. >>> plus, how iran is rearming hamas in the wake of its latest battle with israel. >>> i'm wolf blitzer. you're in "the situation room. " >>> republicans contemplating tax hikes. democrats weighing entitlement cuts. positions largely unthinkable not that long ago. they're taking shape going toward the fiscal cliff w. the new year, severe tax increases and severe spending cuts will automatically take effect unless congress and the white house reach a debt reduction agreement and there are signs each party's sacred cows may be up for slaughter. i want to pick your brain on how far you're willing to go in that area as far as medicare cuts, social security, raising the retirement age, along those lines. all of that is on the table, right?
the country is teetering on a fiscal cliff right now. and now a rare sighting of an endangered species here in washington. we're talking about compromise. some powerful republican lawmakers are rethinking their anti-tax pledge. i'll talk about wit the number three gop leader in the house of representatives. >>> plus, how iran is rearming hamas in the wake of its latest battle with israel. >>> i'm wolf blitzer. you're in "the situation room. " >>> republicans...
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Nov 26, 2012
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35 days left till we reach the fiscal cliff. and a couple of key republicans are now suggesting that they're willing to forego their no tax pledge to try to get a budget deal done and avoid massive tax hikes, and spending cuts that will come in the new year. brand-new cnn/orc poll shows that is, in fact, affecting the american people. 68% say they believe falling off the fiscal cliff could trigger major problems for the country, maybe even a crisis. brings us to dan lothian at the white house this morning. dan, good morning. senate goes back to work this afternoon. the house will return tomorrow. what could really be done by lame duck congress? >> well, look, the hope is that there will be some kind of compromise here, because as you pointed out most americans believe that if there is no agreement there really could be a crisis here. so you are seeing some softening from republicans who took that no tax pledge back to 1986. first it was saxby chambliss. now south carolina republican senator lindsey graham. take a listen. >> when
35 days left till we reach the fiscal cliff. and a couple of key republicans are now suggesting that they're willing to forego their no tax pledge to try to get a budget deal done and avoid massive tax hikes, and spending cuts that will come in the new year. brand-new cnn/orc poll shows that is, in fact, affecting the american people. 68% say they believe falling off the fiscal cliff could trigger major problems for the country, maybe even a crisis. brings us to dan lothian at the white house...
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Nov 29, 2012
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always there. >>> we're only 33 days away from the so-called fiscal cliff. a drastic combination of mandatory spending cuts, tax hikes that could plunge the u.s. back into a recession. >> and there's only one way to avoid it. house republicans and president obama and his fellow democrats need to strike a deal before the end of the year on reducing the national debt to avoid that fiscal cliff. republican aid describe the tentative white house proposal this way. $1.6 trillion in revenue presented by secretary treasury secretary timothy geithner and stimulus and $400 billion in medicare and other entitlement savings. a permanent increase in the debt limit. >> so, let's get more on the standoff right now. joining us senator bernie sanders of vermont. he caucuses with the democrats. senator, first of all, congratulations on your re-election. thanks for coming in. republicans say, you know what, they'll be flexible, but the democrats have to be flexible, too, especially when it comes to entitlement spending. medicare, medicaid and even reform. are you open to any
always there. >>> we're only 33 days away from the so-called fiscal cliff. a drastic combination of mandatory spending cuts, tax hikes that could plunge the u.s. back into a recession. >> and there's only one way to avoid it. house republicans and president obama and his fellow democrats need to strike a deal before the end of the year on reducing the national debt to avoid that fiscal cliff. republican aid describe the tentative white house proposal this way. $1.6 trillion in...
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the fiscal cliff. president obama is launching a new pr effort, a campaign if you will, starting with a meeting today, the white house, small business owners, tomorrow he hosts a group of middle class americans who would take a hit if those fiscal cliff tax hikes take effect. and on friday, he heads to pennsylvania, small toy factory in fact, to highlight the role middle class consumers play in this holiday shopping season. back in washington, republicans, they don't like it. they say they want to see the white house leadership and not a return to the campaign trail. but the white house spokesman insists the president is promoting a serious plan. here he was. >> here is a fact. the president has on the table a proposal that reduces the deficit by $4 trillion, that does so in a balanced way, that includes substantial cuts to discretionary, nondefense spending over a trillion dollars, that includes revenue and includes $340 billion in savings from our health care entitlement programs. >> joining me now f
the fiscal cliff. president obama is launching a new pr effort, a campaign if you will, starting with a meeting today, the white house, small business owners, tomorrow he hosts a group of middle class americans who would take a hit if those fiscal cliff tax hikes take effect. and on friday, he heads to pennsylvania, small toy factory in fact, to highlight the role middle class consumers play in this holiday shopping season. back in washington, republicans, they don't like it. they say they want...
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Nov 29, 2012
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want to continue the conversation on fiscal cliff. this one republican has really been making news with this -- we'll call it an outside the box idea to avoid at least part of this fiscal cliff. he is suggesting to extend the bush cuts for the 98% of americans right now since at least both sides agree that has to happen and then haggle over the top 2% later. >> the republican in the middle of this all is congressman tom cole from oklahoma. congressman cole, speaker boehner and others have thrown cold water on this idea. let's clear this up right now. you still stand by this notion, pass the tax cuts for the 98% right now, deal with the 2% after the new year but essentially let those da tax breaks for the top 2% expire? >> i do think where we agree on 98%, we should take that off the table so americans don't have to worry about that. that actually strengthens our position. at the end of the day it's a discussion amongst republicans over tactic, not a division or debate. the president would be well advised if he's serious to actually br
want to continue the conversation on fiscal cliff. this one republican has really been making news with this -- we'll call it an outside the box idea to avoid at least part of this fiscal cliff. he is suggesting to extend the bush cuts for the 98% of americans right now since at least both sides agree that has to happen and then haggle over the top 2% later. >> the republican in the middle of this all is congressman tom cole from oklahoma. congressman cole, speaker boehner and others have...
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fiscal cliff 3rks 3%. that's pretty good. 28% the situation in benghazi. 22.. and the other 78% are lying. come on. 22%. anybody buying that? >> i saw that. thought it was interesting that they thought the petraeus story was important. unlike the lewinsky story. they thought this story had more to it. >> the lieu win skin story did lead to a presidential picture. >> but i thank may not be telling the truth. one thing john boehner did say is one message out of the selection is people want us to do something. they want to end the gridlock. so i think there is this mysteriousness. >> i asked about the petraeus scandal and he said it's funful we should just enjoy it. you know, no apologies for diving in to the details. there's this incredible cast of characters. it's not just paula broadwell and jill kelley. it's her sister who's now hired gloria allred? should we not feel embarrassed by this? >> a lot of the reporters in washington, they're coming back from the campaign trail and if they have a choice what they're going to pick. pe trail or medicare, all these pol
fiscal cliff 3rks 3%. that's pretty good. 28% the situation in benghazi. 22.. and the other 78% are lying. come on. 22%. anybody buying that? >> i saw that. thought it was interesting that they thought the petraeus story was important. unlike the lewinsky story. they thought this story had more to it. >> the lieu win skin story did lead to a presidential picture. >> but i thank may not be telling the truth. one thing john boehner did say is one message out of the selection is...
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to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was incredible, watching back here in the u.s. but i have to ask, i know you have a daughter and a lovely wife. did you get a chance to have a thanksgiving? >> yes, i got back in time for thanksgiving. i flew all night. tel aviv, frank forfurtrankfurt here to d.c. i had turkey and cranberry sauce and all that. here's a question i'm going to ask you, brooke -- a year ago last night, where were you -- >> ding. b.e.t. soul train awards. >> did you watch last night? >> i did not. >> what do you mean you did not? i watched, of course. >> if i'm
to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was...
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will he bring ideas for avoiding the fiscal cliff? and more than half a billion dollars up for grabs in the power ball lottery. i'll talk to the man who actually draws the winning numbers. he could make you very rich. g s! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. can your moisturizer do that? [ female announcer ] dermatologist recommended aveeno has an oat formula, now proven to build a moisture reserve, so skin can replenish itself. that's healthy skin for life. only from aveeno. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technolo
will he bring ideas for avoiding the fiscal cliff? and more than half a billion dollars up for grabs in the power ball lottery. i'll talk to the man who actually draws the winning numbers. he could make you very rich. g s! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to...
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Nov 21, 2012
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cliff, warning policymakers, do a deal. >> uncertainty about how the fiscal cliff, the raising of the at the time limit and longer-term budget situation will be addressed appears already to be affecting private spending and investment decisions and may be contributing to an increased sense of caution in financial markets with adverse effects on the economy. continuing to push off difficult policy choices will only prolong and intensify these uncertainties. >> he went on to say, if we do get a plan that solves the government budget issues without hurting the economic recovery, next year could be a good one. that is so many if it. >>> the investigation of the shooting at the sikh temple is concluded. the shooter, michael page, acted alone and did not happen. he had been linked to white supremacist groups, but the fbi found no evidence to conclude he had help or was acting under any directive from them. they also said the attack was not part of any ongoing threat to the sikh community. >>> defense secretary leon panetta talked about how the american fight against al qaeda is changing. he
cliff, warning policymakers, do a deal. >> uncertainty about how the fiscal cliff, the raising of the at the time limit and longer-term budget situation will be addressed appears already to be affecting private spending and investment decisions and may be contributing to an increased sense of caution in financial markets with adverse effects on the economy. continuing to push off difficult policy choices will only prolong and intensify these uncertainties. >> he went on to say, if...
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. >>> "outfront" next, the fiscal cliff looms. fed chairman ben bernanke has decided he has to get involved. >>> and with cease-fire talks stalled want to tonight, secretary clinton met with the prime minister of israel. her next meeting with the man in the middle of the negotiations. >>> welcome back to the second with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. [ male announcer ] good choice business pro. good choice. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> welcome back
. >>> "outfront" next, the fiscal cliff looms. fed chairman ben bernanke has decided he has to get involved. >>> and with cease-fire talks stalled want to tonight, secretary clinton met with the prime minister of israel. her next meeting with the man in the middle of the negotiations. >>> welcome back to the second with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the...
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Nov 24, 2012
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top of the agenda, the fiscal cliff. 38 days and counting. in fact, that's how long we have until the country hits the so called fiscal cliff when automatic spending cuts go into effect. it is main focus in washington. maria cardona and amy holmes are back with me now to talk about this. saxby chambliss lashed out at grover nordqvist. nordqvist and his group are the ones that pushed that no new taxes pledge signed bay majority of republicans in congress. here's what chambliss says. i care more about my country than i do a 20-year-old pledge. he's willing to let the political consequences take care of themselves. raising taxes has been at the center of the fiscal cliff dispute. democrats demanding it. republicans saying no way. so amy, is this a sizable crack in the republican armor? >> we are seeing that the two sides are going to need to negotiate if we don't go over the fiscal cliff. i would point out that patty murray, a democratic senator from washington state says we should go over it, certainly in contrast to the rest of her party. so i
top of the agenda, the fiscal cliff. 38 days and counting. in fact, that's how long we have until the country hits the so called fiscal cliff when automatic spending cuts go into effect. it is main focus in washington. maria cardona and amy holmes are back with me now to talk about this. saxby chambliss lashed out at grover nordqvist. nordqvist and his group are the ones that pushed that no new taxes pledge signed bay majority of republicans in congress. here's what chambliss says. i care more...
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Nov 24, 2012
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that that's a priority and something that should be pursued in context of the fiscal cliff. the train is rolling and i think it's nice to see even some republicans now eventually realizing that taxes in particular tax fairness, does need to be a substantial part of this fiscal debate. >> but you just skated around my question, which is that if you're going to have real tax reform, almost every economist says the middle class is going to pay more, too. how are democrats going to handle that? >> i think the first thing you need to do is make sure the higher income households pay their share. comprehensive tax reform, where we can broaden the base and make sure we are both getting the revenue we need, but at the same time, the progressiveivity we need to make sure the middle class are still strong. the first step, the last decade, average family is not getting any type of raise when adjusted for inflation and you've seen the income of the highest income americans skyrocket. so the first thing we need to do is solve that problem, then we can have a broader conversation. >> every
that that's a priority and something that should be pursued in context of the fiscal cliff. the train is rolling and i think it's nice to see even some republicans now eventually realizing that taxes in particular tax fairness, does need to be a substantial part of this fiscal debate. >> but you just skated around my question, which is that if you're going to have real tax reform, almost every economist says the middle class is going to pay more, too. how are democrats going to handle...
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Nov 21, 2012
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. >>> "outfront" next, the fiscal cliff looms. fed chairman ben bernanke has decided he has to get involved. >>> and with cease-fire talks stalled want to tonight, secretary clinton met with the prime minister of israel. her next meeting with the man in the middle of the negotiations. try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. let's say you want to get ahead how do you get from here... to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. ln fact, by thinking about where want your education to lead, while you're still in school, you might find the best route... leads somewhere you weren't even looking. let's get to work. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover alev
. >>> "outfront" next, the fiscal cliff looms. fed chairman ben bernanke has decided he has to get involved. >>> and with cease-fire talks stalled want to tonight, secretary clinton met with the prime minister of israel. her next meeting with the man in the middle of the negotiations. try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our...
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Nov 24, 2012
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. >>> number two, just 38 days left until we cross over that so-called fiscal cliff. a move that would trigger massive spending cuts to government programs and could even send the u.s. into a recession. earlier this morning i asked morgan stanley smith barney director ron hart if there were any benefits of actually going over. >> getting our fiscal house in order, either now or later, right? we can't spend money at this trajectory, 16 trillion in debt. 99 trillion nun funded liabilities with medicare and social security, so at some point you've either got to do it now or do it later. >> congress is back in session on monday and expectsed to work on a solution. >>> and in europe, european union leaders aend two dye days of divisive budget talks without a deal. they are caught for one plan to increase the budget and another to cut t.eu leaders should be able to reach a deal early next year. >>> number four, take a look at this. not sure what all the letters and numbers mean. neither do top british spy agencies. it's apparently some sort of world war ii code that was fou
. >>> number two, just 38 days left until we cross over that so-called fiscal cliff. a move that would trigger massive spending cuts to government programs and could even send the u.s. into a recession. earlier this morning i asked morgan stanley smith barney director ron hart if there were any benefits of actually going over. >> getting our fiscal house in order, either now or later, right? we can't spend money at this trajectory, 16 trillion in debt. 99 trillion nun funded...
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Nov 27, 2012
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the fiscal cliff negotiations. erin burnett is going outfront on this story with one of the key senators of the talks. what's going on? >> mark warner of virginia, one of the wealthiest men in congress and a democrat, of course, wolf, he's been working on this for years and he's frustrated tonight. harry reid said he's frustrated a deal isn't close, the market fell. the implications here are serious. senator warner comes outfront to talk about what he's will go to do on tax rates and has an interesting idea on that. and we're going to talk about the definition of motherhood. a woman and her best friend decided to have a child together, his sperm and a donor egg. and after she gave birth to the child he said i'm gay, i'm the biological father, i want the child. what happened? a judge has just ruled on this. a pretty fascinating definition of what a mother really is. that story also at the top of the hour. back to you. >> look forward to the show, erin, thank you. >>> up next here, christmas carols with a touch tone
the fiscal cliff negotiations. erin burnett is going outfront on this story with one of the key senators of the talks. what's going on? >> mark warner of virginia, one of the wealthiest men in congress and a democrat, of course, wolf, he's been working on this for years and he's frustrated tonight. harry reid said he's frustrated a deal isn't close, the market fell. the implications here are serious. senator warner comes outfront to talk about what he's will go to do on tax rates and has...
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Nov 29, 2012
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let's get to the so-called fiscal cliff. the president has set a goal. $4 trillion in debt reduction over the next decade. are there any specific ways of reaching that figure that both of you might agree on? >> well, you know, one compromise i can agree with democrats on, we need to cut military spending. so i think the compromise is conservatives like myself who think national defense is very important should compromise on military spending and liberals should compromise on entitlements and social welfare spending, that compromise should get to spending cuts. >> here is the question, though. both sides are going to have to compromise, beyond defense spending, any other compromise you could see you supporting? >> mostly has to be to me on the spending side. we used to spend about 20% of gdp. now spending 25% of gdp. federal spending has gone up at an alarming rate in the last four years. people come to me and said say we have to raise taxes on rich people. one there, is not enough money. two, when you raise rates, you get le
let's get to the so-called fiscal cliff. the president has set a goal. $4 trillion in debt reduction over the next decade. are there any specific ways of reaching that figure that both of you might agree on? >> well, you know, one compromise i can agree with democrats on, we need to cut military spending. so i think the compromise is conservatives like myself who think national defense is very important should compromise on military spending and liberals should compromise on entitlements...
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Nov 22, 2012
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keep in mind that's despite those doom and gloom reports about the fiscal cliff, potential tax hikes on everyone, if congress does not act. of the people who were surveyed between november 9th and 13th, many of them said they do plan on spending more this year compared to last year. i have some interesting breakouts for you here, carol. more men said that they will spend more this year compared to last year than women. as far as age goes, the generation wires 18 through 24, they say that they, too, plan on spending more. remember, that group of people have had a tough time breaking into the workforce. still, though, they said they planned on spending more as well as latinos and blacks. they, too, say they plan on spending more. so why? that's the big question. why do some people say they plan on spending more this holiday season, simply because as far as the people in this survey, they felt as if their financial situation this year is better than it was last year. carol? >> that's simple. so where are people spending the most money? >> they break it down regionally. and it appears th
keep in mind that's despite those doom and gloom reports about the fiscal cliff, potential tax hikes on everyone, if congress does not act. of the people who were surveyed between november 9th and 13th, many of them said they do plan on spending more this year compared to last year. i have some interesting breakouts for you here, carol. more men said that they will spend more this year compared to last year than women. as far as age goes, the generation wires 18 through 24, they say that they,...
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Nov 23, 2012
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what i have been urging all candidates to do, is to look at the fiscal cliff. we need to have any negotiations about raising taxes or deferring spending restraint, obama wants to spend more on stimulus spending, and to raise taxes. if whatever we discuss needs to be in front of cspan cameras so every american knows exactly what both sides are saying. >> has he talked to you about this? have you had any type of a conversation about it? if you look at this, the question is whether he is reading the cards and asking himself what position he needs to be in in the next reelection campaign. >> well, chambliss was part of what was called the gang of six, three republicans and three democrats that tried to take the simpson bowles outline, and they could not come to an agreement. they wanted all tax increases and no spending restraint, so that did not work out. i had a long conversation with senator chambliss, about why i thought it was a mistake to walk into a closed room with democrats, instead of an open conversation. people can come out of a closed room and misrepre
what i have been urging all candidates to do, is to look at the fiscal cliff. we need to have any negotiations about raising taxes or deferring spending restraint, obama wants to spend more on stimulus spending, and to raise taxes. if whatever we discuss needs to be in front of cspan cameras so every american knows exactly what both sides are saying. >> has he talked to you about this? have you had any type of a conversation about it? if you look at this, the question is whether he is...
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Nov 24, 2012
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will america go over the $7 trillion fiscal cliff? >>> online retailers are getting a head start this season, competing for your money as well. we'll look at how facebook is joining in on the holiday fun. >>> and the drug culture of the '60s and '70s is still impacting baby boomers. some are calling it the generation's hidden crisis. we'll explain. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. washington next week with just over a month to work out a deal to avoid falling over the so-called $7 trillion fiscal cliff. it would have a combination of t defense cuts, expiration of the pay roll tax holiday, and cuts in unemployment benefits. all those things are considered. joining us now is alex. it's good to see you. >> good to see you, fredricka. >> before we get to
will america go over the $7 trillion fiscal cliff? >>> online retailers are getting a head start this season, competing for your money as well. we'll look at how facebook is joining in on the holiday fun. >>> and the drug culture of the '60s and '70s is still impacting baby boomers. some are calling it the generation's hidden crisis. we'll explain. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your...
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Nov 23, 2012
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with congress facing looming tax hikes and spending cuts at the end of the year, the so-called fiscal cliff, senator saxby chambliss told wmaz, quote, i care more about my country than i do about a 20-year-old pledge. if we do it his way, then we'll continue in debt and i just have a disagreement with him about that. lobbied republican lawmakers, including chamblis not to raise taxes. >>> powerball jackpot keeps climbing and climbing and climbing toward a record. it is now at an eye-popping, jaw dropping $325 million. what would you do with that money? next drawing, by the way, is tomorrow night at 10:59 pm eastern time. >>> actor james spader does a memorable turn in the blockbuster new movie "lincoln," playing w.n. bilbo, try ing ing get the anti-slavery amendment passed through congress. here is a look at the trio, as they meet for the first time with secretary of state william henry steward. >> doesn't come cheap. >> the president would be unhappy to hear you did this. >> would he be unhappy to hear we lose? >> money i managed to raise for this endeavor is only for your fees, food
with congress facing looming tax hikes and spending cuts at the end of the year, the so-called fiscal cliff, senator saxby chambliss told wmaz, quote, i care more about my country than i do about a 20-year-old pledge. if we do it his way, then we'll continue in debt and i just have a disagreement with him about that. lobbied republican lawmakers, including chamblis not to raise taxes. >>> powerball jackpot keeps climbing and climbing and climbing toward a record. it is now at an...
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Nov 28, 2012
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host: if you go to our website c-span.org/fiscal those plays cliff -- c-host:span.org/fiscal cldff. next it will have a roundtable discussion on the fiscal of. but first, in news update. >> patrick donahoe in remarks earlier today on cbs this morning said the agency must be allowed to use prepayments on the retirement health-care fun and allow general mail delivery on saturday. he said he thinks most people do not realize that in his words, we are 100% self-sufficient. we pay our own way. but the postal agency is losing $16 billion this year. the epa is set -- is temporarily suspending bp from new contracts with the u.s. government. two weeks ago, bp agreed to plead guilty involving -- in its involvement in the death of a love and oil workers in the oil spill in the gulf in 2010. bp also agreed to lying to congress over how much oil was spilled. defense secretary leon panetta, along with the vice president's wife, dr. khiel biden, -- jill biden, held a dedication at the vietnam memorial here in washington. it is expanding the planned scope of the center to include more recent servic
host: if you go to our website c-span.org/fiscal those plays cliff -- c-host:span.org/fiscal cldff. next it will have a roundtable discussion on the fiscal of. but first, in news update. >> patrick donahoe in remarks earlier today on cbs this morning said the agency must be allowed to use prepayments on the retirement health-care fun and allow general mail delivery on saturday. he said he thinks most people do not realize that in his words, we are 100% self-sufficient. we pay our own way....
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Nov 26, 2012
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the fiscal cliff divers? it is our belief in president's belief as being spelled out in the plant today, it would rain damage being done to the economy if we do not extend tax cuts for the middle-class and address the other elements of the fiscal cliff and, more broadly speaking, address our long term fiscal challenges and how the economy creates jobs. we need to get this done and that is what we're working on. >> one more? >> olivier, alexis, april. >> you have said repeatedly "we" have expressed concerns? >> i would refer to the state department. >> were you for warrant that mr. mursi was going to do this? -- were you forewarned mr. morsi was going to do this? >> these are separate issues. we have raised our concerns and that, i think in party answers your question. secretary clinton is focused on working with the president down others, prime minister netanyahu, to help bring about a ceasefire and other allies can be saved and the possibility of moving forward on negotiations for more enduring peace could b
the fiscal cliff divers? it is our belief in president's belief as being spelled out in the plant today, it would rain damage being done to the economy if we do not extend tax cuts for the middle-class and address the other elements of the fiscal cliff and, more broadly speaking, address our long term fiscal challenges and how the economy creates jobs. we need to get this done and that is what we're working on. >> one more? >> olivier, alexis, april. >> you have said...
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Nov 28, 2012
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also dick durbin on fiscal cliff negotiations. political will host a discussion of the fiscal cliff with grow from norquist on c- span to add it o'clock a.m. eastern. i not o'clock a.m. eastern, tom foley and others look at lessons from the 1990 budget deal. the president of amtrak and a representative of the united transportation unit will speak about the operations aboutamtrak. >> washington went to harvard law school. at the urging of one of his brothers, he went to illinois. he of thrived after about eight months' journey by ship, state ge coach into a mining town. he boarded himself in a log cabin. he established a law practice. he worked his way up. he became a successful lawyer and got involved politically. he ran for congress and served eight terms. he befriended abraham lincoln from illinois and ulysses s. grant. as they were on the rise, washbourne was a close confidant during the civil war. after grant was elected president, he appointed washbourne secretary of state. washbourne became ill. his family feared for his lif
also dick durbin on fiscal cliff negotiations. political will host a discussion of the fiscal cliff with grow from norquist on c- span to add it o'clock a.m. eastern. i not o'clock a.m. eastern, tom foley and others look at lessons from the 1990 budget deal. the president of amtrak and a representative of the united transportation unit will speak about the operations aboutamtrak. >> washington went to harvard law school. at the urging of one of his brothers, he went to illinois. he of...
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Nov 26, 2012
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they want the fiscal cliff. it does essentially what they wanted to do, which is to raise taxes and impose a bunch of reductions in military spending. we all know that raising taxes on the rich will not raise enough money to substitute for a dollar rates on middle-class. -- raise. no tax on the super rich would ever recover enough money to even begin averting the financial clip. no reduction in foreign aid -- it is just less than 1% of the federal budget -- can address the fiscal cliff. we need to begin talking exactly the opposite of the way the federal government has worked so far. simply by starting with a budget on what we expect the income-tax to be instead of starting with what we would like to spend. that is backwards. you have to start with what you expect your income to be. host: here is what charlotte says on facebook. she says the tax rates are not creating any jobs, so stop talking out of both sides of your mouth, republicans. you can join that conversation on facebook. is with us from texas. caller:
they want the fiscal cliff. it does essentially what they wanted to do, which is to raise taxes and impose a bunch of reductions in military spending. we all know that raising taxes on the rich will not raise enough money to substitute for a dollar rates on middle-class. -- raise. no tax on the super rich would ever recover enough money to even begin averting the financial clip. no reduction in foreign aid -- it is just less than 1% of the federal budget -- can address the fiscal cliff. we need...
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Nov 24, 2012
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the fiscal cliff elapsing tax cuts. the second piece is the sequestration. $100 billion a year being sequestered from the increases in the budget. these are not cuts the way you or i think of cuts. these are budget increasing not as rapidly as the various agencies will buy them to. the $2 billion of that is out of national defense and $30 billion of that at the domestic discretionary -- $50 billion of that is out of national defense and $50 billion of that is domestic discretionary. will the republicans keep obama on a short leash and give him an allowance every month in return for better behavior or will they give him a debt ceiling that goes along time? what will happen? one option is looked to history. two years ago we faced exactly this situation, the 2001 2003 tax cuts all lapsed. we had a republican house coming in, and democratic senate and democratic president. why would that not the way you do? obama says i will hold my breath until i turn blue and stamp my feet. 2 years ago he said he did not want to raise tax
the fiscal cliff elapsing tax cuts. the second piece is the sequestration. $100 billion a year being sequestered from the increases in the budget. these are not cuts the way you or i think of cuts. these are budget increasing not as rapidly as the various agencies will buy them to. the $2 billion of that is out of national defense and $30 billion of that at the domestic discretionary -- $50 billion of that is out of national defense and $50 billion of that is domestic discretionary. will the...
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Nov 29, 2012
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lots of briefings and events happening on capitol hill, most relating to the fiscal cliff negotiations. we will show you remarks from congressional leaders on where things stand. we will hear from how speaker boehner, nancy pelosi, and senator reid. that will begin at 8 p.m. eastern here on c-span. a hearing on the rising costs of -- the rising in autism rates. there was a study released earlier this year that the rise in autism rate --it was up from a previous total. a hearing was held earlier today by the house oversight committee. we will show that later tonight at 10 p.m. eastern. and the united nations gathered in new york today. they voted to recognize the state of palestine. as upgrades to the palestinian status at the un. susan rice said in her speech that the boat places further obstacles in the path of peace. you can see the vote today in our video library at c-span.org. before the votes took place, defense secretary leon panetta that with the israeli defense minister. they also talked about iran's nuclear row graham. ran's nuclear- proi program. the program is about 40 minut
lots of briefings and events happening on capitol hill, most relating to the fiscal cliff negotiations. we will show you remarks from congressional leaders on where things stand. we will hear from how speaker boehner, nancy pelosi, and senator reid. that will begin at 8 p.m. eastern here on c-span. a hearing on the rising costs of -- the rising in autism rates. there was a study released earlier this year that the rise in autism rate --it was up from a previous total. a hearing was held earlier...
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Nov 22, 2012
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clearly, when you look at the fiscal condition, the consequences of going over the fiscal cliff -- republicans are going to have to abrogate that pledge. it is not conservatism bound to 35% tax rate. that is not one of the and mutable principles of american conservatism. we want taxes to be as low as they can possibly be while running a government that is not bankrupt and in structural deficit for as far as the eye can see. you will have to see republican leaders step up here and meet the president's somewhere in the middle on this to get the country's fiscal path on a path to solvency so we can start to have economic growth again in the country. >> do you want to comment a little bit about what you expect from the next six weeks? not even six weeks? wever many weeks it is now between -- between now and the start of this booklet. working in the white house limits what you can say, but how you see hislan at between now and january? >> steve is exactly right, all the you are seeing a very concerted members of the house dig in on a no revenues. it is good to see many republicans saying yes. i can
clearly, when you look at the fiscal condition, the consequences of going over the fiscal cliff -- republicans are going to have to abrogate that pledge. it is not conservatism bound to 35% tax rate. that is not one of the and mutable principles of american conservatism. we want taxes to be as low as they can possibly be while running a government that is not bankrupt and in structural deficit for as far as the eye can see. you will have to see republican leaders step up here and meet the...
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Nov 21, 2012
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janet mentioned the fiscal cliff in one part of the fiscal cliff is these across-the-board spending cuts to take effect january 2nd. it's going to be an 8.2% across-the-board cut in education, job training and health, housing, fbi, air traffic controllers from the food safety, entire range of domestic programs. for education if you count headstart, which is at the department of health and human services a $4.8 billion cut would be the largest education cuts ever in the history of the country. that would just move us -- essentially move us backwards on whether the goal is closing achievement gaps come increasing high school graduation rates, increasing college access and college completion. our biggest challenge in the short-term this lame-duck lame-duck session this to work together with groups like the urban league and national council to come up with a balanced approach to deficit reduction. as genocide, as people who can pay more to do so without balancing the budget on the backs of children and students and working people and low-income people. the other cop couple quick things i wan
janet mentioned the fiscal cliff in one part of the fiscal cliff is these across-the-board spending cuts to take effect january 2nd. it's going to be an 8.2% across-the-board cut in education, job training and health, housing, fbi, air traffic controllers from the food safety, entire range of domestic programs. for education if you count headstart, which is at the department of health and human services a $4.8 billion cut would be the largest education cuts ever in the history of the country....
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Nov 28, 2012
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i believe that we should have been negotiations on the fiscal cliff. of course, that's two things. $500 billion tax increase of the 2001-2003 tax cuts lapse in, and the sequestration of spending restraint. sequestration is a good thing. you can massage it into devoted to saving $100 billion a year reducing the -- >> it's not a common republican 20 because of me a lot of defense cuts spent ahead of the of the conservative caucus, 60%, most conservative guys in the house jim jordan said the own thing worse than this request would be not to have savings. and you saw mitch mcconnell say we are not raising taxes to in the sequestered. so that people have drawn a line in the sand against the idea that we will spend all that -- >> let's try -- >> quickly from -- >> quickly from has to be a c-span. why? because only then would the president have to say, trying to consider what spending cuts what quick cbs hasn't done that. nbc hasn't done the. "washington post" hasn't in the. he is walking around campaigning. point of fact if you look at the savings in his bud
i believe that we should have been negotiations on the fiscal cliff. of course, that's two things. $500 billion tax increase of the 2001-2003 tax cuts lapse in, and the sequestration of spending restraint. sequestration is a good thing. you can massage it into devoted to saving $100 billion a year reducing the -- >> it's not a common republican 20 because of me a lot of defense cuts spent ahead of the of the conservative caucus, 60%, most conservative guys in the house jim jordan said the...
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Nov 28, 2012
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our disconnected as you are trying to find a way to an agreement on the so-called fiscal cliff? how were these two things connected? >> went at it this way. how is the leader of the majority of feel good about the election are kept my majority in the senate. the president was reelected. the first thing on my agenda with the how can i reach out to the minority? we've got big issues that cannot be solved on a bipartisan basis. how can i be building bipartisan confidence going into these huge issues that we have before us. the last thing on my list would've been destroyed bomb into the senate, have it blow up and have everybody mad as heck. i am just perplexed about the judgment on display here, blowing up the senate at a time of the election is behind us. we won't have another one for two years. let's bring everybody together and try to solve the problems. but that's a decision apparently he's made for the moment and will have to live with the consequences. of course, we want to get an outcome and we know the only way we can solve our long-term debt and deficit problem is to fix a
our disconnected as you are trying to find a way to an agreement on the so-called fiscal cliff? how were these two things connected? >> went at it this way. how is the leader of the majority of feel good about the election are kept my majority in the senate. the president was reelected. the first thing on my agenda with the how can i reach out to the minority? we've got big issues that cannot be solved on a bipartisan basis. how can i be building bipartisan confidence going into these...
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Nov 27, 2012
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as we approach the fiscal cliff, democrats are ready to make those tough choices. i hope my republican freandzs, theespecially those who claim ty put mo claim before their pledge can say the same. mr. mcconnell: mr. president? the presiding officer: the republican leader. mr. mcconnell: yesterday i came to the floor to discuss what's known as the fiscal cliff, a mix of automatic tax hikes and defense cuts that are set to hit at the end of the year jeopardizing our security as well as our economy. my message was pretty simple. a solution is possible. republicans have been reasonable and president needs to lead. he is the only one who can get us to a solution. if that's what he wants, we'll succeed. so it was with some concern that i read this morning that the president plans to hit the road next week to drum up support for his own personal approach to the short- and long-term fiscal challenges we face. in other words, rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail, presumably with the same old ta
as we approach the fiscal cliff, democrats are ready to make those tough choices. i hope my republican freandzs, theespecially those who claim ty put mo claim before their pledge can say the same. mr. mcconnell: mr. president? the presiding officer: the republican leader. mr. mcconnell: yesterday i came to the floor to discuss what's known as the fiscal cliff, a mix of automatic tax hikes and defense cuts that are set to hit at the end of the year jeopardizing our security as well as our...
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Nov 29, 2012
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clearly, when you look at the fiscal condition, the consequences of going over the fiscal cliff -- republicans are going to have to abrogate that pledge. it is not conservatism bound to 35% tax rate. that is not one of the and mutable principles of american conservatism. we want taxes to be as low as they can possibly be while running a government that is not bankrupt and in structural deficit for as far as the eye can see. you will have to see republican leaders step up here and meet the president's somewhere in the middle on this to get the country's fiscal path on a path to solvency so we can start to have economic growth again in the country. >> do you want to comment a little bit about what you expect from the next six weeks? not even six weeks? however many weeks it is now between -- between now and the start of this booklet. working in the white house limits what you can say, but how you see his plan at between now and january? >> steve is exactly right, all the you are seeing a very concerted members of the house dig in on a no revenues. it is good to see many republicans saying yes. i
clearly, when you look at the fiscal condition, the consequences of going over the fiscal cliff -- republicans are going to have to abrogate that pledge. it is not conservatism bound to 35% tax rate. that is not one of the and mutable principles of american conservatism. we want taxes to be as low as they can possibly be while running a government that is not bankrupt and in structural deficit for as far as the eye can see. you will have to see republican leaders step up here and meet the...
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Nov 27, 2012
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cliff for middle-class families and small businesses. onom ic we could solve the greatest the economic emergency facing the nation today if only the house rates would consider the senate passed bill raising tax rates 4908% of businses. american families and 97% of small businesses. as thomas jefferson said this quote is a quote we should not pute c an off tomorrow what we can do our today.on our legislation would deal with economic certain to the middle class can protect important taxsses and restore deductions for families and the businesses and restore balance pay by asking the most fortunate among us to pay a little extra to reduce this debt. a it's also the only by with a law chance of being signed into lawas by president obama who speaker boehner once again urged to pickxtending more up the house passed bill askonaires and anymore tax breaks for the millionaires and billionaires. c the senate has already considered that bill.n we rejected it on a bipartisanpeaker basis. u w so for the speaker to say bring in it up we already have. t
cliff for middle-class families and small businesses. onom ic we could solve the greatest the economic emergency facing the nation today if only the house rates would consider the senate passed bill raising tax rates 4908% of businses. american families and 97% of small businesses. as thomas jefferson said this quote is a quote we should not pute c an off tomorrow what we can do our today.on our legislation would deal with economic certain to the middle class can protect important taxsses and...
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Nov 21, 2012
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people talk about fiscal cliff. the aggregate several things. that's collapsing tax cuts. that's one piece of it. second piece is d.c. sequestration. cut from the increases, plan increases in the budget if these are not cuts the way you or i think of cuts. either budgets increasing increasing not as rapidly as the various agencies would like them to go up. 50 billion of that out of national defense or out of the pentagon, and 50 billion of that comes out domestic discretionary and then there's a third subject, and that it should be a grand bargain to trade higher taxes for entitlement reform. and those are the three. been putting forth one out there, which is we get the debt ceiling at some point and we will continue to hit it. how will the republicans keep obama on a short leash and give him an allowance every month, in return for better behavior, the way you do with your kids. or other really going to let, give him a debt ceiling that goes a long time. what's going to happen? one option is look to history. two years ago we face exactly this situation on collapsing tax cu
people talk about fiscal cliff. the aggregate several things. that's collapsing tax cuts. that's one piece of it. second piece is d.c. sequestration. cut from the increases, plan increases in the budget if these are not cuts the way you or i think of cuts. either budgets increasing increasing not as rapidly as the various agencies would like them to go up. 50 billion of that out of national defense or out of the pentagon, and 50 billion of that comes out domestic discretionary and then there's...